Can Wearable Technology Be Finance’s Next Smartphone?

FX-MM features commentary by Alexander Makeyenkov, SVP, Finance Practice at DataArt, on the progress of wearable technology into the realm of business applications and financial applications in particular.

“Wearable technology in financial applications is at the beginning of the growing phase. This situation is being replicated across all industries – with the exception of fitness. Generally speaking, wearables are taking their first steps in gaining traction with business apps. Mature experiments with wearable technology can be identified in mobile retail banking, retail investment and trading solutions. In the latter, the use of wearable technology is being explored to keep a constant connection with users.”